Cullen Frost Bankers Inc. Buys 216,682 Shares of iShares Broad USD High Yield Corporate Bond ETF $USHY

Cullen Frost Bankers Inc. boosted its stake in shares of iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 23,125.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 217,619 shares of the company’s stock after acquiring an additional 216,682 shares during the period. Cullen Frost Bankers Inc.’s holdings in iShares Broad USD High Yield Corporate Bond ETF were worth $8,138,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Richardson Capital Management LLC bought a new position in iShares Broad USD High Yield Corporate Bond ETF during the 3rd quarter worth $32,000. Elyxium Wealth LLC bought a new position in iShares Broad USD High Yield Corporate Bond ETF during the 4th quarter worth $36,000. Creative Financial Designs Inc. ADV increased its stake in iShares Broad USD High Yield Corporate Bond ETF by 9,400.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,425 shares of the company’s stock worth $53,000 after acquiring an additional 1,410 shares during the period. Olistico Wealth LLC bought a new position in iShares Broad USD High Yield Corporate Bond ETF during the 4th quarter worth $72,000. Finally, BOKF NA increased its stake in iShares Broad USD High Yield Corporate Bond ETF by 64.7% during the 3rd quarter. BOKF NA now owns 3,039 shares of the company’s stock worth $115,000 after acquiring an additional 1,194 shares during the period.

iShares Broad USD High Yield Corporate Bond ETF Price Performance

iShares Broad USD High Yield Corporate Bond ETF stock opened at $36.94 on Thursday. The stock’s fifty day moving average price is $36.95 and its two-hundred day moving average price is $37.26. The firm has a market cap of $23.24 billion, a PE ratio of 10.79 and a beta of 0.41. iShares Broad USD High Yield Corporate Bond ETF has a one year low of $36.39 and a one year high of $37.87.

iShares Broad USD High Yield Corporate Bond ETF Company Profile

The iShares Broad USD High Yield Corporate Bond ETF (USHY) is an exchange-traded fund that is based on the ICE BofA US High Yield Constrained index. The fund tracks a market value-weighted index of USD-denominated high yield corporate debt with broad maturities. USHY was launched on Oct 25, 2017 and is managed by BlackRock.